Core Viewpoint - The company is planning to publicly transfer 100% equity of its wholly-owned subsidiary, Guangdong Dazhi Chemical Technology Co., Ltd., to focus more on its strategic transformation towards energy storage batteries and integrated renewable energy services [1] Group 1: Company Actions - The company holds 100% equity in Dazhi Chemical, which is currently its only subsidiary engaged in surface engineering chemicals [1] - The public transfer of Dazhi Chemical's equity is based on an assessment value of 68.4358 million yuan, determined by Zhongwei Zhengxin (Beijing) Asset Appraisal Co., Ltd. as of March 31, 2025 [1] - After the completion of the equity transfer, the company will no longer hold any shares in Dazhi Chemical, and it will be excluded from the company's consolidated financial statements [1] Group 2: Financial Assessment - The assessed value of Dazhi Chemical's total equity is 68.4358 million yuan, which serves as the basis for the public transfer [1] - The final transaction price and counterpart will be determined based on the results of the public transfer [1]

Group 1 - Longjing Environmental Protection (龙净环保) announced that its major shareholders, Longyan State-owned Assets Investment and Operation Co., Ltd. and its acting party Huasheng Investment Co., Ltd., plan to increase their holdings of the company's A-shares through competitive trading from June 10, 2025, to June 9, 2026, with a total investment amount not less than 117.5 million yuan and not exceeding 235 million yuan [1] - Previously, from March 27 to April 30, 2025, Huasheng Investment cumulatively increased its holdings by 1.2323 million shares, accounting for 0.0970% of the total share capital, bringing the total holdings of Longyan State-owned Assets and Huasheng Investment to 102 million shares, representing 8% of the total share capital [1] - The increase in holdings reflects the shareholders' confidence in the company's future development and long-term value, aiming to enhance investor confidence and increase the company's investment value [1] Group 2 - Longjing Environmental Protection's controlling shareholder, Zijin Mining (紫金矿业), has also been continuously increasing its holdings, acquiring a total of 48.094 million shares from September 6, 2024, to January 8, 2025, and an additional 5.0289 million shares from January 9 to February 10, 2025, raising its total holdings to 318 million shares, which is 25% of the total share capital [2] - Longjing Environmental Protection, established in 1971 and listed in December 2000, is a leading enterprise in China's environmental protection industry, focusing on research and application in the environmental and energy-saving fields [2] - Despite the confidence shown by shareholders, the company's operating performance is under pressure, with a reported revenue of 1.966 billion yuan in Q1 2025, a year-on-year decrease of 13.69%, and a net profit attributable to the parent company of 185 million yuan, down 6.95% year-on-year [2] - The company's net cash flow from operating activities plummeted by 484.86% to -137 million yuan, attributed to a decrease in cash received from sales and an increase in cash paid for purchases [2] Group 3 - Longjing Environmental Protection has seen a continuous rise in accounts receivable, which increased from 3 billion yuan in 2022 to 3.609 billion yuan by the end of Q1 2025, marking a significant year-on-year growth of 19.05% [3]